{"id":4533,"date":"2022-10-09T14:30:37","date_gmt":"2022-10-09T11:30:37","guid":{"rendered":"http:\/\/nti.ukrintei.ua\/?page_id=4533"},"modified":"2026-04-02T15:18:48","modified_gmt":"2026-04-02T12:18:48","slug":"science-technologies-innovations-%e2%84%96323-2022-44-51-p","status":"publish","type":"page","link":"https:\/\/nti.ukrintei.ua\/?page_id=4533&lang=en","title":{"rendered":"Science, Technologies, Innovations \u21163(23) 2022, 44-51 p"},"content":{"rendered":"

\"\"<\/a>\u00a0<\/a>PDF<\/a><\/p>\n

Huseynov Safar Mazahir<\/strong> \u2014 PhD student in Economy of Technological Innovation, Economic Scientific Research Institute under The Ministry of Economy of Azerbaijan Republic, AZ1122,196 Hasan bay Zardabi, Yasamal, Baku, Azerbaijan, +994554330050, safarguseynov96@mail.ru, ORCID: 0000-0002-9531-5632<\/p>\n

IMPACT OF R&D AND INNOVATION ON ECONOMIC DEVELOPMENT: AN EMPIRICAL ANALYSIS ON AZERBAIJAN<\/strong><\/p>\n

Abstract.<\/strong> The purpose of the study is to investigate the impact of Research and Development (R&D) and innovation on the economic development of the Republic of Azerbaijan. For this purpose, time series analysis was applied with the help of the \u201cEViews 12.0\u201d application, taking R&D expenditure, the number of researchers in the country, the number of patent applications, and finally the Gross Domestic Product (GDP) data as an indicator of economic development. In addition, causality from both the number of patent applications and the number of researchers to economic growth has not been determined. In addition, causality from R&D expenditures, patent applications and researchers to economic growth in the long run has not been determined. Undetected causality hypotheses are highlighted in the article.<\/p>\n

Keywords:<\/strong> Economic Growth, R&D, Innovation, VECM, Causality.<\/p>\n

REFERENCES<\/strong><\/p>\n

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    \u00a0PDF Huseynov Safar Mazahir \u2014 PhD student in Economy of Technological Innovation, Economic Scientific Research Institute under The Ministry of Economy of Azerbaijan Republic, AZ1122,196 Hasan bay Zardabi, Yasamal, Baku, Azerbaijan, +994554330050, safarguseynov96@mail.ru, ORCID: 0000-0002-9531-5632 IMPACT OF R&D AND INNOVATION ON ECONOMIC DEVELOPMENT: AN EMPIRICAL ANALYSIS ON AZERBAIJAN Abstract. The purpose of the study is … <\/p>\n

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